Welcome to this beginners guide to investing. If you have no experience of investing yet, this is a great place to start.
Investing if full of concepts and terminolgy that seems really complex and off putting. The answer to one question can lead to several others. Before you know it, you’ve spent a few hours reading and are still none the wiser.
If you’re at the start of your journey in learning about investing, you’re probably not going to feel like you know enough after one weekend of reading one blog. I hope this will give you a good grasp of the basics so that you feel encouraged to read more and eventually make the step into investing.
This really is a beginners guide and I’ve tried to cover the basics… if you’ve done some reading already, this might be too basic. It’s to give you beginners out there the confidence you need. If something isn’t clear, feel free to ask a question and I’ll do my best to answer it as simply as possible. If I don’t know the answer, I’ll tell you that straight.
Just to let you know, I started my investing journey with around £1,500. I personally felt more confident starting with a relatively small amount than waiting until I had more to invest when more would be at stake. You can start with less, normally £500 for a ‘one off’ investment or £100 per month for a regular investment.
What this covers:
A common perception. My ‘penny drop moment’ and a series of arguments for why it’s not as risky as you might think
This article explains some of the common types of investments you can make.
An explanation of capital gains tax and income tax and how to legitimately avoid these
You’ll need to know what a platform is and what to look for
You’ll know what a fund is after reading the article above on investments. There’s other stuff you’ll need to know about funds before you start though.
There is risk with investing and this might be what has stopped you investing so far but there are lots of ways to reduce the risk of losing money
I’ve made some mistakes and I’m going to share them with you. You’ll see they’re not worth avoiding investing for but hopefully you’ll be able to avoid them.
By the time we get to this article, hopefully you’ll know loads. I’ll give you some final tips to give you the confidence to invest.
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